Southern Life Insurance and Trust Co. of Florida - 1839 dated $1,000 or 225 Pound Bond - Extremely Popular StateInv# GB5587 Bond
$1,000 or £225 Sterling 5% Sinking Fund Bond. Only 400 issued. The company underwrote various insurances but operated mainly as a bank and also issued notes in the Territory. These bonds form part of the repudiated debt of the State of Florida. (From Lot-Art.com)
St. Augustine (Spanish: San Agustín) is a city in the Southeastern United States, on the Atlantic coast of northeastern Florida. Founded in 1565 by Spanish explorers, it is the oldest continuously-inhabited European-established settlement in what is now the contiguous United States. St. Augustine was founded on September 8, 1565, by Spanish admiral Pedro Menéndez de Avilés, Florida's first governor. He named the settlement "San Agustín", as his ships bearing settlers, troops, and supplies from Spain had first sighted land in Florida eleven days earlier on August 28, the feast day of St. Augustine. The city served as the capital of Spanish Florida for over 200 years. It was designated as the capital of British East Florida when the colony was established in 1763; Great Britain returned Florida to Spain in 1783. Read more at https://en.wikipedia.org/wiki/St._Augustine,_Florida
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.